Date: 08/22/2000 11:25 AM
Subject: S7-13-00
I would like to register my disagreement with the proposed SEC rule prohibiting
non-audit services to CPA firm's attest clients. The rule proposed by the SEC
will effectively eliminate my firm's ability to provide this service. The key
beneficiaries of our service includes the SEC itself, as well as the investing
public. Both the SEC and investors receive good information efficiently because
we are now able to help our clients with their SEC filings
Our SEC clients are small registrants. As you know by the number of questions
the SEC raises, SEC regulations are very technical and often beyond the ability
of small registrants. They rely on their CPA firms to perform the audit
function and help them with SEC filing requirements. This has been the case for
many years. The unintended (or maybe intended) effect of the proposed rull will
be to have only Big Five firms serving SEC registrants.
Before you decide to finalize this rule, I would ask you reconsider the
ramifications of the proposed rule. I believe the proposed rule will not serve
SEC registrants or the investing public as intended.
Paul Onerheim
2707 Colby Avenue, Suite 801
Everett, WA 98201-3510